Artisan Partners Limited Partnership Has $76.67 Million Stake in Lamar Advertising Company $LAMR

Artisan Partners Limited Partnership reduced its position in shares of Lamar Advertising Company (NASDAQ:LAMR) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 626,285 shares of the real estate investment trust’s stock after selling 50,686 shares during the quarter. Artisan Partners Limited Partnership owned 0.62% of Lamar Advertising worth $76,670,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LAMR. Geode Capital Management LLC grew its holdings in shares of Lamar Advertising by 27.8% during the second quarter. Geode Capital Management LLC now owns 2,344,637 shares of the real estate investment trust’s stock valued at $284,577,000 after buying an additional 510,025 shares in the last quarter. AQR Capital Management LLC grew its stake in Lamar Advertising by 123.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust’s stock valued at $177,152,000 after acquiring an additional 816,217 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Lamar Advertising by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,299,419 shares of the real estate investment trust’s stock valued at $157,697,000 after acquiring an additional 5,080 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in shares of Lamar Advertising in the 2nd quarter valued at about $141,931,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Lamar Advertising by 4.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,162,468 shares of the real estate investment trust’s stock worth $141,077,000 after purchasing an additional 52,800 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Lamar Advertising Trading Up 1.5%

Lamar Advertising stock opened at $137.74 on Friday. Lamar Advertising Company has a one year low of $99.84 and a one year high of $138.70. The company’s fifty day moving average price is $129.97 and its two-hundred day moving average price is $126.70. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.58 and a quick ratio of 0.59. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 23.87 and a beta of 1.23.

Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.68). Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.The company had revenue of $595.93 million for the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. On average, analysts forecast that Lamar Advertising Company will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 4.6%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.55. The ex-dividend date is Monday, March 16th. Lamar Advertising’s dividend payout ratio is 107.45%.

Analyst Upgrades and Downgrades

LAMR has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday. UBS Group set a $150.00 price target on shares of Lamar Advertising in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Lamar Advertising from $122.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Citigroup boosted their target price on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Morgan Stanley set a $140.00 price target on Lamar Advertising in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.80.

About Lamar Advertising

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.